In Hawaii, what law governs the offering and selling of Crown Gold Exchange franchises?

According to the 2024 Crown Gold Exchange Franchise Disclosure Document, the offering and selling of franchises in Hawaii is governed by the Franchise Investment Law of the State of Hawaii. The FDD states that these franchises have been filed under this law. However, the document explicitly states that filing under this law does not mean that the Director of Commerce and Consumer Affairs approves, recommends, or endorses the franchise. Furthermore, it is not a finding that the information provided in the disclosure document is true, complete, and not misleading.

This disclosure is crucial for prospective franchisees in Hawaii because it clarifies the extent to which the state reviews franchise offerings. While the state requires filing, it does not actively vouch for the franchise's viability or the accuracy of the information provided by Crown Gold Exchange. Therefore, potential franchisees must conduct their own thorough due diligence and seek professional advice before investing.

It is common for franchise agreements to be governed by state-specific addenda to ensure compliance with local laws. The Hawaii addendum serves to inform potential franchisees of their rights and protections under Hawaii law, emphasizing the importance of carefully reviewing the disclosure document and all related agreements before making any financial commitments.